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Friday, March 16, 2012

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PRMO NEWS Apr 20th 2011

Prom Resources Inc. (PRMO) Announces Ivory Coast Property Acquisition

6:00a ET April 20, 2011 (Market Wire)

Prom Resources Inc. (the Company) (PINKSHEETS: PRMO) is pleased to announce it is negotiating the acquisition of additional properties in the Republic of the Ivory Coast in West Africa (Republic of Cote d'Ivoire). The company believes that the properties are showing significant gold bearing material. The details of the interest will be release within a timely manner, according to the delimitative agreement.

"Over the past year the company has strategically negotiated and added significant properties to its portfolio as well as a minority interest in a refinery. With the addition of this property in Republic of Cote d'Ivoire into our already existing ore bearing and producing properties, we are enhancing shareholders value," said Mr. Dror Moradov, president and CEO of the company.

Over the past two quarters the company has negotiated a minority interest in gold assets and continued to inventory gold bearing material. The company expects to increase production and inventory during fiscal year 2011.

We think PRMO has forthcoming PRs for it's Quarterly Report as well as Company Status coming out very soon. If we see good PR detail on current gold inventory, production rates, as well an update on it's recent refinery acquisition (partial ownership), we could see PRMO **BLASTING** from its current position as the cheapest gold stock in the market to at least a pps level representing it's projected large gold holdings. We have observed several times within the last few weeks, Buyers stepping into to purchase large blocks of shares costing $40,000 !!! Why would someone buy so many shares all at once you may ask?? We think something is brewing with PRMO and we would rather be IN the stock vs. standing on the sidelines. Please remember, always do your own DD before buying or selling any stock. Penny stock investing is very risky and you could lose all of your money.

RANDs Penny Stocks

Friday, March 16, 2012

holding for next week's action!

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PRMO NEWS Apr 20th 2011